NC representative files bill to deduct gambling losses on state tax return
State Representative Erin Paré said that as it stands right now, North Carolina law does not allow an itemized deduction for losses.
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CBO's Revenue Savings Options
The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining a number ...
This Is the Standard Deduction for the 2024 Tax Year
W ith tax season officially underway, you'll need to know the standard deduction amount you can claim for 2024. After all, most taxpayers opt to take the standard deduction rather ...
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Homeowners, Tax Credits and Deductions for Your House Can Give Your Tax Refund a Big Boost
Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...
How Tax Breaks for Homeowners Can Affect Your 2025 Returns
Tax season opened on Monday, January 27, meaning Americans are now able to file and pay their tax returns for 2024 with the Internal Revenue Service (IRS).
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H&R Block Review 2025: From Online to In-Person Filing
H&R Block has been doing taxes since 1955 and has 60,000 tax pros with an average of 10 years of experience. With their many service levels from complete DIY to online assist to fully in-person with a ...
5 ways AI can help with your taxes - and 10 major mistakes to avoid
AI and taxes: a perfect match or a disaster waiting to happen? Tax preparation is changing fast, but AI still has flaws. Here's where AI tax tools shine, where they fail, and how to use them wisely.